Scholarship Money—How to Get It

Scholarship Money

Scholarship Money

Almost every student entering college these days is in search of scholarships to finance the high tuition fees. When you start to search for money to finance your studies there might be many questions in your mind, such as how to get these scholarships? Are these scholarships for tuition fees only and how to finance other expense? This article provides answers  to some of the questions that may come in your mind.

What is a scholarship?


Scholarship is any financial award given out to help students finance there studies. It may come in form of onetime payment, renewable award every semester or in the form of a discount in tuition or accommodation fees.

Scholarships are generally awarded by universities, welfare organization and government organizations to help more and more students join college, however organizations representing particular classes of society also run scholarship programs based on religion, ethnicity etc.

Scholarships are different from loans because you will not have to pay them back. In most cases money is given directly to students and not paid to their colleges, as in the case of student loans.

Is scholarship money only for tuition fees?


In the cases where scholarships are given directly to students, Student can use the money to pay for food, accommodation, books etc. However it is prudent not to waste the precious funding.

When is the money given?


It depends upon the scholarship you are getting. Most of the scholarship programs either give money to students in lump sum before the start of the semester or give out a monthly stipend. Some programs also make mid semester payments, it will enable the less prudent students to get through the second half of the semester.

As mentioned earlier some scholarship programs and nearly all grant programs give money directly to college for your tuition fees or accommodation expenses if you are an international student.

What is the basis of a scholarship award?


College scholarships are not only awarded to students with a 4.0 GPA. In fact most of the scholarship programs are aimed at attracting students towards a high need field, such as nursing or engineering. Some of the scholarships are awarded to encourage people from a minority or less developed class of society to join higher education, such as African American or Hispanic scholarships.

Many schools also offer scholarships to bright school leaving students. These scholarships are generally merit based.

Whatever may be your case, if you are determined to join college and continue your studies you should not let money become a hurdle in your way. You will be able to find a scholarship to fund your studies with little persistence and effort.